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Showing posts from July 10, 2014

The American Dream

by The Urban Blabbermouth
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Many want to have the American Dream of a house, 2.5 kids and a dog, but I think that they misunderstand the American Dream.  They see the house, kids and dog and think that is it.  No!  The American Dream is about accumulating wealth.  It is only after you have wealth do you get the house, the kids and the dog.

Wealth is simply the difference between how much you own and how much you owe.  Sound like the definition of profits, corporate income less corporate expenses.  That is exactly what it is. Corporations accumulate wealth and so should you.

There has been lots on television news about inequality in America.  Maybe so, but just maybe, we are not helping ourselves and we are contributing to the inequality.  Most of us do not accumulate wealth, we accumulate debts.  Any time, you borrow money, you pay exorbitant interest on the money and that interest goes to the lenders who use it to add to their wealth. 

We give up savings for spending and…